Tag: AIB

by Gary Conroy, Chief Product Officer I’ve been fortunate enough to have been involved in the largest Irish FinTech deals. TransferMate Global Payments secured a valuation of over €350m at the time of a €51m minority equity investment from ING and AIB in 2017/2018, and Realex Payments was sold to Global Payments for €115m in 2015. Both companies have similar characteristics – entrepreneurial driving forces in Terry Clune, Sinead Fitzmaurice and Colm Lyon; neither is VC backed, instead choosing to grow organically through paying customers; both have been profitable since inception. What…

A question we are asked repeatedly by kids is “why”? It can be exhausting, but they have the right idea – “Why” is the ultimate clarifying question. It demands explanation, context and support. It’s a simple question that, when asked by a 5-year-old, moves from cute to challenging to exasperating. In business this question is not asked as frequently as perhaps it should. When we don’t ask “why”, we give up the opportunity to learn critical information. We at TransferMate, would like to clarify “why” us? The answer is simple;…

It’s an exciting time here at TransferMate, and we have some great news we wanted to share. Since TransferMate was founded in 2010, we have worked tirelessly on our unique technology platform, while simultaneously securing regulatory licenses in key markets around the world. Our efforts have resulted in the successful transfer of over €10bn to more than 100 countries, on behalf of our customers, and our business being valued at between €250m to €300m. We are delighted to announce that Allied Irish Bank have decided to join us on our…

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